1325 E 11th Street, Long Beach, CA 90813

About this triplex

1325 East 11th Street is a triplex in Long Beach, California. This offering is a great opportunity for an investor to acquire an asset in a strong rental submarket and capture 28 percent potential upside in rents. The property consists of a two-bed/one-bath house with a fenced patio and a rear building with two one-bed/one-bath units above four single-car garages. On-site parking is a sought-after amenity in this parking-impacted area of Long Beach, and the garages generate significant additional income. The units are separately metered for gas and electricity, and the property also offers shared laundry facilities. 1325 East 11th Street is located in Long Beach’s Cambodia Town neighborhood just south of Anaheim Street. This dense rental area has easy access to Downtown Long Beach and the 710 Freeway.

Listing description from the February 2023 sale, as reported to CRMLS.

Sale history

$750,000

Sold February 2023 · listed $775,000, on market December 2022 · MLS #PW22253633 · Source: CRMLS

Listing Agent: Steven Bogoyevac · Listing Office: Steven M. Bogoyevac, Broker · Contact: steve.bogoyevac@marcusmillichap.com · Bought with: Steven Bogoyevac · Steven M. Bogoyevac, Broker

Explore Long Beach